U.S. Nanosatellite And Microsatellite Market Size & Outlook
U.S. nanosatellite and microsatellite market, 2017-2030 (US$M)
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U.S. nanosatellite and microsatellite market highlights
- The U.S. nanosatellite and microsatellite market generated a revenue of USD 1,355.7 million in 2023 and is expected to reach USD 4,630.2 million by 2030.
- The U.S. market is expected to grow at a CAGR of 19.2% from 2024 to 2030.
- In terms of segment, microsatellites was the largest revenue generating mass in 2023.
- Microsatellites is the most lucrative mass segment registering the fastest growth during the forecast period.
Nanosatellite and microsatellite market data book summary
| Market revenue in 2023 | USD 1,355.7 million |
| Market revenue in 2030 | USD 4,630.2 million |
| Growth rate | 19.2% (CAGR from 2023 to 2030) |
| Largest segment | Microsatellites |
| Fastest growing segment | Microsatellites |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Nanosatellites, Microsatellites |
| Key market players worldwide | Sierra Nevada Brewing, Spire Global Inc Ordinary Shares - Class A, Boeing Co, Terran Orbital Corp, GomSpace, Vector Launch, Dauria Aerospace, Innovative Solutions in Space B.V., AAC SpaceQuest, Surrey Satellite Technology Ltd. |
Other key industry trends
- In terms of revenue, U.S. accounted for 42.2% of the global nanosatellite and microsatellite market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. nanosatellite and microsatellite market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 393.9 million by 2030.
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Nanosatellite And Microsatellite Market Scope
Nanosatellite And Microsatellite Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. nanosatellite and microsatellite market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to nanosatellite and microsatellite market will help companies and investors design strategic landscapes.
Microsatellites was the largest segment with a revenue share of 82.03% in 2023. Horizon Databook has segmented the U.S. nanosatellite and microsatellite market based on nanosatellites, microsatellites covering the revenue growth of each sub-segment from 2017 to 2030.
The increased funding for small satellites from public organizations, private entities, and the government agencies are expected to drive the market over the next few years effectively. For instance, The NASA’s Launch Service Program (LSP) has granted Venture Class Launch Services (VCLS) contracts to various private entities, which include Firefly Space Systems Inc., Virgin Galactic LLC, and Rocket Lab USA Inc. in order to provide small satellite access to the low earth orbit.
NASA is using small satellites for conducting scientific research, educational investigations, and for demonstrating emerging technologies. Under this venture class contracts, NASA has purchased two flights to carry a dozen of CubeSats into space, and they are also planning to buy more flights to boost their small satellite launches in the coming years.
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Our clientele includes a mix of nanosatellite and microsatellite market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. nanosatellite and microsatellite market , including forecasts for subscribers. This country databook contains high-level insights into U.S. nanosatellite and microsatellite market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. nanosatellite and microsatellite market size, by mass, 2017-2030 (US$M)
U.S. Nanosatellite And Microsatellite Market Outlook Share, 2023 & 2030 (US$M)
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